Farmar averaged 10.1 points, 4.9 assists and 2.5 rebounds in 41 games for the struggling Lakers last season. The free agent guard won NBA titles in 2009 and 2010 with the Lakers, who drafted him out of UCLA in 2006. The deal allows the 27-year-old Los Angeles native to stay home and become the backup to Chris Paul after UCLA alum Darren Collison chose to leave and sign with Sacramento.

Farmar was bothered by a torn left hamstring and a strained right groin that cost him half of last season.

Hawes averaged 13.2 points, 8.3 rebounds and 3.0 assists in 80 games with Cleveland and Philadelphia last season. The 26-year-old big man has also played for Sacramento during his seven-year career.

The team announced the moves Wednesday night, hours before free agents could begin signing contracts on Thursday.